Probably but people unfamiliar with write offs put to much emphasis on 'write offs' ( a common refrain in anti-business circles) ... as if they are total write offs, which they are not. I'm sure the tobacco companies would welcome the Cole/Bishop amendment, so they don't have to go through all of that.
Either way it goes BT is not going to lose any sleep over it. Their butts are covered either way.
Big government how ever knows on which side it bread is buttered. Vaping is not a long term
viable market for taxation.
in that it establishes more flexibility in Product they ultimately intend to control.
As stated - Even with a change in DATE, most prominent in the amendment, the Market goes into a Freeze.
One cannot control a product that cannot addict life time non-tobacco users.
The market will always need new smokers to feed into the vaping market to
make it a long term viable solution for taxation purposes. For this reason alone
vaping as it is today has to be eliminated.

Regards
Mike